NOG Acquires More Acreage In The Delaware Basin -- Forge Assets -- Vital Energy -- July 1, 2023

Locator: 44866B.

This deal was closed at the "end of June, 2023."

I can't recall if this has been previously posted.

This was from May 16, 2023:

Northern Oil and Gas, Inc. have announced that it has entered into a definitive agreement to acquire a 30 percent undivided stake in the Forge Assets in the Delaware Basin, in partnership with Vital Energy, Inc., for a purchase price net to NOG of $162.0 million in cash, subject to typical closing adjustments.

The Acquired Assets are primarily located in Ward and Reeves Counties, Texas and include approximately 10,200 net acres, 30.5 net producing wells, 2.3 net wells-in-process and ~20 low-breakeven net undeveloped locations. 

Key words: NOG, Delaware Basin, Forge Assets, Vital Energy.

$162 million / 10,200 net acres = $1,600 / acre.